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(502) 458-4815
IN - (812) 282-7253

Absolute: Real Estate, Patton Estate
Now - July 30, 2017 - (SOLD AT AUCTION)
526 Drawbrook Circle
New Albany, IN 47150



Spacious home with potential, offers 3BR, 2BA, full basement & a 2 car garage.

Home has a wood burning insert in the family room.
Billy Patton, Estate, 526 Drawbrook Circle, New Albany, Indiana 47150   Online Bidding Auction.  We are pleased to have this opportunity to offer this property to the public at auction by online bidding.  Bid online from the comforts of your home, office or from the deck of the cruise ship.  Bid on the real estate through the links provided below; this link will offer photos of the real estate, bidder registration requirements and bidding procedures.  The real estate offers a 1 1/2 story brick home, approximately 2000 SF finished, featuring 3BR, 2 full baths.  There is a 1st floor laundry, a large great room, a large family room, plus an eat-in kitchen.  Bonuses include approximately 1600SF of unfinished basement and an unfinished bonus room on the second floor which would make a nice play room, or additional bedroom.  This home is in need of repairs & upgrades, it would be suitable for the renovator or investor.  


Directions:Daisy Lane to Schell Lane, to Bentbrook Drive to Drawbrook Circle.


 Open House: Monday, July 24, 5 - 7 PM


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Real estate Information at the links below.









  1.  This is an internet bidding only auction and the specific terms and condition of sale will be posted at www.mcginnisauctions.com
  2. General Real Estate Auction Terms:  A 10% buyer’s premium will be added to determine the final contract purchase price.
  3. A valid Visa or MasterCard is required to register & bid during the auction, and the bidder must have a minimum card availability of the $5000.00 to bid. A cashier’s check for $5,000.00 from a local financial institution, with a bank letter of guaranteed credit addressed to the auction company, must be presented to the auction company at 911 E. Court Avenue, Jeffersonville, Indiana 47130 within 24 hours of the closing of the auction. 
  4. Balance of the final purchase price must be presented at closing within 45 days from the day of contract acceptance. Failure to deliver certified funds for the down payment as specified in the online auction terms may result in credit card transactions for the non-refundable down payment or other legal actions as required.
  5. All property taxes due shall be prorated between the buyer/sellers. More specific on-line bidding terms may be posted on the website for the online bidding service through www.mcginnisauctions.com. All terms and conditions posted online shall take precedence over all previous announcements. The property will be sold as-is with no warranty, refunds or exchanges. It shall be the bidder's responsibility to determine suitability of the property prior to the close of the bidding process.
  6. The property will be sold with no contingencies. Lead Based Paint inspection period to begin July 20, 2017. Real estate will be available for inspections or preview beginning July 20 and by appointment only; a public preview period/open house period will be posted online at the auction company website and is tentatively scheduled for Monday, July 24, 5 - 7PM.  
  7. All real estate related inspections are welcome at buyers expense prior to the close of the auction, but property is being sold as-is. Watch our website for details or updates, www.mcginnisauctions.com.  
  8. A cooperating broker’s fee of 1.5% will be offered to licensees representing the successful buyer on this property with prior registration.  The Auctioneer and Real Estate Broker are acting as agents only for the seller, and any member of the auction or real estate companies reserve the right to bid.
  9. To prevent last minute bid sniping the online bidding process uses a soft close method, if 2 or more bidders are bidding the time will be extended for 3 minutes with each additional bid until no more bids are entered.
  10. All property taxes shall be prorated between the buyer & seller at time of closing.
For additional information concerningauction matters or to schedule inspection appointments please call: John McGinnis,CAI, CES, CAGA, at 812-282-7253.  Allother real estate brokerage questions shall be directed to Fran Evola, Broker, withReal Estate Unlimited at 812-288-6080. Selling on behalf of Billy Patton Estate,Virginia Lewis, Personal Rep., Matthew Jacobs, Esq.   JohnMcGinnis, Indiana Auctioneer's License AU19600081. McGinnis Auction &Appraisal Service, Jeffersonville, Indiana AC30900136 Last updated 7/13/2017.

This is a Court Approved Absolute Auction therefore no outside offers will be accepted, in order to win bidders must bid online.  If bidders need assistance please call the auctioneer.  No live onsite auction will be held, bid online only, for bidding assistance call:

 

(812) 282-7253


Billy Patton, Estate, Virginia Lewis, Personal Rep., Matt Jacobs, Esq., John McGinnis, CAI, CES, CAGA AU19600081

 

 

 

Member of the Kentucky and National Auctioneers Associations.
The Society of Professional Auctioneers.

At our auctions we accept:

 
Disclaimer: We do not guarantee the salability or value of any item or property sold at auction. Nor do we imply any individual’s probability for profit from items bought at auction. Our services are strictly to put buyer and sellers together for one to liquidate and for the other to purchase based on each individual’s own investigation of their buying and selling needs. All property sold at auction will be sold as is with no warranties expressed or implied by the seller the auction company or the representatives of any party. Certain real properties offered at auction in the State of Indiana may be held in cooperation with Real Estate Unlimited a co-owned company of John McGinnis, and Fran Evola, Co-Owner, Principal Broker.